According to the best business practices associated with and approved by IG Subject Matter experts, there are three (3) key Event-Based prerequisites that must be completed before an event-based disposition can be implemented. These prerequisites are.

The ERM Systems must have complete retention and disposition capabilities, a clear start date is a required, clarify trigger events.

Explanation:

Enterprise risk management (ERM) is plan based business strategy that aims identify, evaluate and prepare business for any risk or potential danger that may disrupt it from achieving set objectives. For an ERM system to be termed effective, it must have clear retention and disposition capabilities, a known start date and also clarify events to will lead to its commencement.

Explanation:

1. Clarify trigger events ; not all of the events that can trigger the beginning of a retention period are as clear as the date an employeeis is terminated .

2. Automated capture of  agreed on trigger events must be performed and sent to ERM , it is easy to know employee termination date which can be supplied by the HR

3.  The ERM systems must have complete retention and disposition capabilities , in order for the retention to start properly and run to final disposition this tracking capability must be an inherent feature of the software.

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